Moving to Mattoon: Pros, Cons & What to Know

Moving to Mattoon, IL means moving to a genuinely affordable eastern Illinois city anchored by its own real, homegrown Consolidated Communications corporate heritage -- not a college-town identity, since Eastern Illinois University's campus sits roughly 10 miles away in neighboring Charleston.

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A real, homegrown corporate origin: Consolidated Communications

Consolidated Communications was founded here in 1894 as the Mattoon Telephone Company, later trading on NASDAQ under CNSL before going private in December 2024 -- a genuine, distinct corporate-heritage story anchoring Mattoon's own local identity.

EIU sits in Charleston, not Mattoon -- a real geographic distinction

Eastern Illinois University's campus is roughly 10 miles from Mattoon, in neighboring Charleston. Mattoon's own real, sourced demographics (median age 40.8, 19.3% 65-plus) reflect a genuinely more settled, older community than a typical college town.

A real, sourced multi-decade population decline

Mattoon's population fell from an 18,553-resident 2010 peak to a 2026 projected 16,476 -- a real -11.2% contraction, with the steepest single-year drop (-4.61%) recorded 2019-2020.

Genuinely affordable housing, with a real property-tax rate above the state average

Mattoon's median property value was $97,700 in 2024 -- well below the Illinois statewide average. Its effective property tax rate (2.27%, matching the Coles County average) still runs above Illinois's own statewide average.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.